Is the hotel industry downsizing? | By Georges Panayotis

Is the hotel industry downsizing? | By Georges Panayotis


The world of hospitality is sinking its roots into a thousand-year-old history that is its strength, but it also hampers its transformation when it is unable to shake its habits to change dimensions. The last major “hospitality revolution” dates back to the arrival of chains and hotel brands that upset individual hotel operations with great operational rigor. For half a century, hotel groups have improved their tools and practices to benefit from opportunities on the market, sometimes even leading to shortage, while living comfortably on a market in perpetual expansion.

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